Aritzia mgmt hosts BMO at Aritzia's new GTA DC BMO Maintains Market Perform, $38 Target on Aritzia After Investor Meetings
MIDNIGHTTRADER - Updated 48 minutes ago
12:46 PM EST, 01/26/2024 (MT Newswires) -- BMO hosted Aritzia management for a series of investor meetings and a tour of Aritzia's new GTA DC. Analyst Stephen MacLeod remains constructive on Aritzia's long-term U.S. growth opportunity, leveraging the key success factors that have underpinned its popularity in Canada.
While boutique performance remains solid, e-commerce has faced headwinds from copycats, product newness, and digital noise; challenges Aritzia has taken steps to confront, MacLeod notes.
Aritzia is rated Market Perform, with a $38 target.
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FYI: Quite sure the article meant to say Aritzia hosted BMO. Makes zero sense as written imo.